Harbor Capital Advisors Inc. Has $1.72 Million Position in Intel Co. (NASDAQ:INTC)

Harbor Capital Advisors Inc. grew its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 36.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,627 shares of the chip maker's stock after purchasing an additional 20,152 shares during the period. Harbor Capital Advisors Inc.'s holdings in Intel were worth $1,717,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in INTC. Norges Bank acquired a new position in shares of Intel in the 4th quarter valued at about $1,246,569,000. Two Sigma Advisers LP acquired a new position in Intel in the fourth quarter worth approximately $289,752,000. Two Sigma Investments LP acquired a new position in Intel in the fourth quarter worth approximately $237,457,000. Toronto Dominion Bank increased its holdings in Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after buying an additional 6,157,853 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on INTC. JPMorgan Chase & Co. dropped their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Susquehanna dropped their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley dropped their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Finally, Wells Fargo & Company lowered their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.57.

Intel Stock Performance

Shares of INTC traded down $0.63 during mid-day trading on Friday, hitting $20.14. The company's stock had a trading volume of 87,385,210 shares, compared to its average volume of 83,642,449. The firm has a market capitalization of $87.85 billion, a PE ratio of -4.60 and a beta of 1.12. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The stock's 50-day moving average is $20.43 and its two-hundred day moving average is $21.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel's quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.